Labour could join forces with a number of Tory MPs to change parts of Liz Truss and Kwasi Kwarteng's mini budget.LBC understands that "multiple" Conservative MPs are in talks with the Labour Party in Parliament to defeat elements of Liz Truss’ "mini-budget".Special pressure will be brought to bear on reversing the abolition of the 45p top rate of tax.
Budget measures are not usually subject to rebellion and are traditionally considered issues of confidence.But government whips face difficulty on a number of fronts. One senior MP told LBC a key date identified is October 14 - the day the Bank of England stops buying UK government bonds.If that happens, as one MP said "all bets are off and she’ll be gone by Christmas".
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: